
Cheap Apartments for Rent with Specials in Memphis, TN from $300 (102 Rentals)
Rental Listings with Specials.
Cheap Apartments in Memphis.


El Dorado

Longview Heights

Longview Gardens

Timber Pines Apartments

Creekside Meadows

Mill Creek Apartments

Scenic Hills Apartments

Villages at Harrison Creek- 50% off 1st month

Pinetree Place Apartments
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Springdale Creek Apartments

Huntington Hills

Lexington Apartments

Cedar Mill Apartments & Townhouses

Country View Apartments

Oak Grove Flats

Camelot Manor

Rangepark Apartments

Helix at the District

Lakes at Epping Way
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

Riverdale

Edge at Lakeview

Greenlaw Apartments

Cherry Creek Apartments

Bridgeport Manor

Hickory Grove

The Parkway

Macon Manor

Tanglewood

Brentwood Apartments
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

Getwell Pointe

Parkside Poplar Apartments

628 Madison Ave

Azure Place Apartments

Crescendo Apartments

Eleven60

Faronia Square

Canterbury Woods Apartments

ANNIES TOWNHOMES

Southwind Lakes Apartments

Bonsai at Central Gardens

The Park at Forest Hill

MAA Southwind

The Chisca

Fielder Square

The Melrose Midtown

Siegel Select Memphis

Art Lofts @ Overton

Belvedere Place

189 Barksdale
Memphis, TN Local Guide

How much does it cost to rent an apartment in Memphis?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Memphis Studio Apartments | $1,188 | $560 | $8,000 |
Memphis 1 Bedroom Apartments | $1,302 | $525 | $6,973 |
Memphis 2 Bedroom Apartments | $1,428 | $499 | $6,266 |
Memphis 3 Bedroom Apartments | $1,804 | $740 | $7,466 |
Memphis 4 Bedroom Apartments | $1,968 | $599 | $6,860 |
Explore Memphis

Memphis, TN Local Guide
- Memphis Neighborhoods
- Nearby Cities
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Quick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Getting Around Memphis, TN
Walk Score®
50 / 100
Somewhat Walkable
Some errands can be accomplished on foot
Bike Score®
50 / 100
Bikeable
Some bike infrastructure
Transit Score®
29 / 100
Some Transit
A few nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Memphis Apartments
What is a cheap apartment in Memphis?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Memphis is under $649.
What is the price of a cheap apartment in Memphis?
The cheapest apartment in Memphis is 4015 Summer Ave which is listed at $550, while the average apartment in Memphis costs $4,186.
What types of apartments are the cheapest in Memphis?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 3,127 regular apartments in Memphis that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Memphis?
Cheap apartments in Memphis have an average cost of $494 which is $3,692 cheaper than the average rent for all rentals in Memphis.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

Rise of Digital Nomads: Remote Work Tips for Apartment Renters
Written by: Brandie Parton
As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.